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20130113
20130121
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CNBC 17
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KNTV (NBC) 1
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English 25
Search Results 0 to 24 of about 25 (some duplicates have been removed)
CNBC
Jan 18, 2013 4:00am EST
the world. china's economy rebounds into the fourth quarter, beating expectations and snapping seven straight quarters of slow growth. >>> the british government says there's no indication that the hostage crisis is over in algeria as the reports emerge that doesz may have been killed in a rescue operation. >>> investors are unnerved by big spending plans in 2013. plus, glencore pushes back its mega merger by weeks as the regulatory commission begin necessary south africa. >>> welcome to the program. i want to bring you some breaking news in terms of energy prices. the iea is out with its latest 2013 oil report. it expects u.s. oil demand to remain flat on the year. but the headline here does appear that the market, according to the iea language here, is tighter than we thought. all of a sudden, the market looks tighter than we thought. that's the main message we're getting from the organization. it says the world forecast to consume about 90.8 million barrels per day in 2013, up by about a quarter of a million since december. despite seeing the u.s. slight to even negative, seen as
FOX Business
Jan 18, 2013 1:00pm EST
to do is have that take place when the republican position on the debt takes the economy hostage. that is off the table. i think the president is smart to be firm and clear on that. next time it would be democrats if we had a republican president. ashley: would you agree, i know it is out of your area, but the senate has not passed a budget in four years now. would you agree with republicans that it is not the way to go and i could, in fact, be breaking the law without i do agree with them. we actually have not passed the budget. i am with them on this concern about our inability to actually do the basic work that a legislature must do. ashley: i know bernanke, timothy geithner, rating agencies and many more states what is the point of a debt ceiling? we routinely raise it anyway. what is the purpose? >> there is no purpose. the debt ceiling has become a device for fiscal irresponsibility. republicans and democrats both dated. senator obama voted against the debt ceiling increase. if we have this credit downgrade, and we had a credit downgrade, as you know, last august. we have t
CNBC
Jan 18, 2013 6:00am EST
's stories. the big one, china aes economy rebounding in the final quarter of to 12. growth to 7.9%, up from 7.4% the appreciate quarter. economists do caution, though, that a chinese recovery is likely to be gradual and weak to drive a global rebound without improvement in the u.s. and europe. also, the fate of dozens of hostages in algeria is still unknown. the algerian military stormed a gas field where the workers were being held. six people if not more are believed to have been killed. >>> a team of experts from boeing and the aviation experts are arriving in japan today. today the japan transportation safety board released a picture of the battery. they said the battery was blackened and carbonized, had a bulge in the middle and weighed 11 pounds less than normal. >>> and the interview everybody is talking about, i stayed up late to watch it, lance armstrong telling oprah that he cheated. >> in all seven of your tour de france victories, did you ever take banned substances or blood dope? >> yes. i view the situation as one big lie that i've repeated a lot of times. i'll spend the rest
CNBC
Jan 16, 2013 3:00pm EST
hurting the economy, delaying hiring plans, capital investment plans and really everything from auto dealers in cleveland to farmers down in texas have cited the fiscal cliff as a major concern. that's something that's influencing their decision making right now. >> you would expect that given the fact that everybody is in lockdown mode as we wait to figure out what our tax rates are going to be, where the spending cuts are going to be, that it is going to impact the economy. my question is how much of an m impact going to see earnings? are they going to get hit? >> that's the key to the whole thing. as we said, the beige book numbers, when they came out there were cents. see earnings coming out, we will see comments and none are going to be positive. none will be excited about the future, and stock prices and multiples expand when people feel possible about the future. going to impact them? numbers might come in spot on. the whisper numbers, everyone is looking for, meaning hoping the numbers are a little bit bitter. i think as numbers come in, we'll start to see very little moveme
CNBC
Jan 17, 2013 4:00am EST
stronger in the second half. >> for the economy? i think we have to divorce the economy from the market. >> have we been price thatting that out? >> we have to be clear that markets are totally different from the economy. for the markets, we're looking at 2% scenario. scenario a would be similar to 2012 where i think actually the economy doesn't do that well. the first half is difficult. second half is a bit better. we've still got the fed printing 5 billion a month. we could see a rerun of 2012. maybe mid to single high digit returns. >> did you get exposure of citi to bofa here? >> we wouldn't be. we're taking a little bit of money off the table or indeed i think we did. the level of implied volatility makes perfect sense here. >> we'll leave it here for now. thanks very much. over to you, ross. >> kelly, thanks for that. so we are just about an hour and 20 minutes into the trading day here in europe. you can see advancers just about outpace decliners by a ratio of 6 to 4 and we're up near the high point of the session which has dragged us back into prospect on that particular indices
CNBC
Jan 18, 2013 12:00pm EST
, nasdaq in the red as well. china fights back after seven straight quarters of slowing growth its economy shows signs of strength. john rutledge on the stocks you should be buying right now. the rematch. not satisfied after their big debate on intel dr. j. and joe are back to battle it out again. what really is the best play right now? but first our top story the next leg for stocks, will it be up or down? the dow has been up as i said six of the past seven days but with a huge week of earnings ahead can the run continue? we're trading today's market action with pete and john. pete, up or down? where is the market going? >> you know, obviously the easy answer would be we've had this huge run. i think we'll see a pullback now. i don't think that is the case. when you look at what the earnings have given so far, look at the financials holding up still above the 17 level on the xlf i'm looking at next week as a huge week of earnings. obviously plenty of names out there that are going to be very important to the next leg higher. so now we've got to get that next leg higher. looking at the vol
CNBC
Jan 16, 2013 4:00am EST
about the u.s. economy, the turning in the house prices, europe, for example, these things will make an extraordinary amount of money even if they require more capital because banks are extremely leveraged institutions. and you only need a small amount of top line growth for them to make a lot of profits. >> if you to pick u.s. banks versus the rest of the world, what do you like for 2013? >> it bizarre thing is that last year everybody was upset about the masters of the universe and were talking up their retail and sort of consumer arms because credit losses were falling. interestingly, this year i suspect bank with more exposure to independent banking will probably do a lot better much to the chagrin of politicians i suspect. why is that? the m&a pipeline's looking all right. u.s. economy's looking slightly better. and we're still pre-basal 3. >> we'll leave it there. lex on wex, can we use that? >> yeah. >> is that all right with you? >> fine by me. >> lex on wex. >> stuart, thank you very much. we will be talking later about divestment. merger and acquisition activity this year d
CNBC
Jan 18, 2013 9:00am EST
sensitive to the economy commodity in the world. ip took out a lot of capacity. ip is a genius. this company's had an unmitigated run. capacity's constrained, prices going up, 95% of capacity. that is like -- you can put the price increase after price increase, that says the economy is much stronger than expected. this is the first commodity to raise prices big when things get better. they're raising prices consistently. very bullish. >> that is a great, great tell. still more to come this morning. get ready for an ipo hat trick, sunco energy partners, norwegian cruise lines, all making their debuts this morning. stick around to see how they open for trading. the opening bell is just a few minutes away. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. ♪ [ indistinct shouting ] [ male announcer ] t
CNBC
Jan 17, 2013 12:00pm EST
see underlying economy. >> hello jeremy segal. >> i'm not as bullish as he is. >> multiple expansion. >> absolutely. >> that's why he thinks we'll hit record highs. >> insurance is cheap. you go into dr. j's world. >> our next guest is making a startling prediction on where stocks are about to go. tom fitzpatrick is global head of citi fx technicals. joins us live. welcome. good to have you on. although i'm not sure many people watching now want to hear your prediction. >> it's on leah prediction. >> where do you think we're going? >> in the short term as your previous commentators we have some lags left. the s&p we just moved to this new high above 4075. very similar to the way we traded in 2007 and 2000. i wouldn't be surprised if there's a little bit of lag here and maybe up towards 1495 for the reason, momentum. momentum came in the first move up from last year and we're seeing a loss of momentum similar to what we saw there. also we're seeing in the big picture, overlays on the dow jones that we're in the levels that we believe we'll peak out in. while there's left on the top si
FOX Business
Jan 17, 2013 4:00pm EST
and the economy in general. and about the market. let's start with the news, the market had a great day today. the s&p 500 close to or at a five-year high right now. why is the market doing so well even though the economy is still kind of in a slow move? >> david, nobody can explain the day-to-day moves in the market anmatter how hard we try. the market discounts well in advance of what we mere morals are able to do for my day-to-day. other days you're not sure why. i would be hazarding a guess, i don't know why. david: a lot of people have speculated about this from the "wall street journal" and others that it is the contention in the specific intention of the federal reserve over the past year or so to pump up the market. is that true? >> certainly this is in effect have a much lower interest rates. you can do the math, historically low rates for corporations in america public or private, large or small. medium-sized. have a very small balance sheets, redoing the balance sheet, reposition their debt at much lower prices. it'd just get some clarity as you know, a little more clarity, a lot m
CNBC
Jan 16, 2013 4:00pm EST
of the economy. a discussion about the fed earlier in terms of the beige book numbers. what do you think that tells us on where we are in the economy? >> look at numbers of the last week or two, retail production numbers for december, and they were actually pretty good. of course, the employment numbers we already know were soiled, and this is in a period where the uncertainty over the fiscal cliff was reaching a maximum. you know, maria, you think that's pretty encouraging that the economy has managed to cope with a high level of uncertainty. now the thing that kind of bothers me though is i'm a little bit worried that this coping is flipping over to complacency. the vix is now at a six-year low, and it tells me that the market is discounting 100% probability that we get through the debt ceiling without any trouble. that seems too high to me. >> so do you think the market is expecting that? i mean, when would you expect a big change in terms of the interest rate scenario? >> in terms of the interest rate scenario, probably nothing this year. i mean, we're at least a couple years away fr
CNBC
Jan 16, 2013 9:00am EST
. that means the lending is not going on. we're still at increasingly a low economy. if you buy back the dell, you don't go to the banks anymore. you find other sources of money. i think that the financial story and economic story is saying this is not the kind of financial environment that leads to rapid growth. >> interesting. >> okay. >> you tied it in to dell and jpmorgan and everything else. excellent. larry, thank you. >> my pleasure. >> join us tomorrow. "squawk on the street" begins right now. >>> good wednesday morning. welcome to "squawk on the street." i'm melissa lee with carl quintanilla, and jim cramer and david faber at the new york stock exchange. stocks had a pretty nice day yesterday. the s&p closed at five-year highs. we are looking to the down decide this morning. the dow looking to lose about 62 at the open. the picture in europe, a couple of downgrades for gdp forecasts from both the german government and world bank. italy is down by 1.5%. road map this morning starts off with the banks and earnings. jpmorgan higher. goldman sachs at 18-month highs. >> japan airlines gro
CNBC
Jan 17, 2013 6:00am EST
, housing is better, you want to be invested in this economy for the next three to five years because that's where you're going to make money. you're not going to make money in fixed income. you're not going to make money focusing on only pure dividend stocks that are 5%, 6%. you're going to have to have companies that can grow the top lines, that have the ability to shepherd capital and really can take the consumer that is now in a better shape than the u.s. and now is getting better overseas to grow your company. >> okay. so you're talking mostly about multi national companies or -- >> multi nationals and secular growth companies. >> both? >> both, absolutely. but you want good companies with management that are just not going to sit there and do financial engineering and say, oh, we borrowed more money and because our cost of debt is lower than our dividend and we can do that. that party is over. that game is done. you really want the companies that i think if you want to beat the market and we think actually the market is going to have -- is going to grow, gives you a look at how much
CNBC
Jan 16, 2013 2:00pm EST
, very scary situation. >>> we are moments away from the fed's latest read on the economy. here is how the markets are doing. right now the dow lost its strength, down 23 point on the trading session. s&p is dead in the water all hour and nasdaq is actually up about 10 points on the trading session, ty? >> sue w, watch this story in algeria. that does it for "power lunch." thanks for joining us today. >> and "street signs" begins now with breaking news on the fed and economy. >> that's right, sue and tyler. we have boeing in crisis. we have housing on the mend and five-star stock picks. we've also got the very latest on a scary story in algeria where militants say they have taken 41 people hostage, include something americans, at a bp oil field. well get to that in a moment but let us get to breaking news for the fed and how they are performing and get to steve liesman. steve? >> the federal reserve district says economic growth is modest to moderate in all 12 districts. that's how we normally lead but that's not the most important. what is important is the talk about how fiscal uncert
CNBC
Jan 17, 2013 2:00pm EST
-- >> the state of the economy of their customers, you don't want it lose sight of that. a year earlier and they show you three years back. just knocking the cover off the ball. so a great, i think, window into part of the economy. >> pretty much an indicator of the entire -- >> absolutely. >> in a good way or bad way, though? >> in a bad way. >> not in a good way. >> okay, we have to leave it there. herb, thank you so much. >> a lot of what you show -- i don't want to see. >> gentlemen. >> you may leave now. before it gets nasty. anyway, housing hopium. the 2012 housing symposium. 1.8 million foreclosures in 2012. that's down from the year before. so has the foreclosure crisis peaked? has it peaked, daren? >> it has on a national basis. if you look that level, we're down 36% from the peak, which was in 2010 when we saw 2.9 million properties with foreclosure filings. however, if you start looking at the level, it is a different story. >> how severe is the problem still? >> well, it's severe in the state that takes longest to close. it includes florida, new york, new jersey, connecticut
CNBC
Jan 16, 2013 5:00pm EST
being where they are. if we see any growth in the economy and rates start to move, that is a potentially a lot of juice for these earnings. >> right. >> and to me, yes, they've rallied a long way from the fourth quarter, but still, they are so cheap. >> i was going to say, where do you come in on valuation here? it's cheap to its peers, its chart is fantastic. the valuation doesn't say sell. but -- >> i think it says hold. i mean, you -- the valuation in terms of p.e. is really not expensive, tangible book, we're so used to things trading below tangible book. maybe a little higher. it doesn't seem to me like, wow, you are really paying through the nose. you're not. bank of america, you're getting it well below tangible book value, citibank, same thing. so, i'm still staying with the -- staying with the bet for sure. >> so, a buyer. you? >> i'd be a buyer, but specifically goldman sachs. on this desk, we talk about levels in the name. it was 119, it was 130. now it's 140. if it holds this level, it's 150. it has not disappointed. this bank has outperformed 99% of the space. but another na
CNBC
Jan 16, 2013 6:00am EST
are and as much as we can tell about the economy and financial sector, we will be obsessed with jamie dimon, if he didn't get as much of a bonus as normal because his pristine reputation because of the wale slipping -- thing we can find as members of the media. >> $6 million trade on a balance sheet of -- >> i don't know how much they made in spite of that. a lot. >>> speaking of the bank, another -- >> look who's here! >> and dressed normally, too. >> can we get the man a chair? he can't sit -- ♪ >> we thought you were trying on different zweaters. on a day like this, what is the right look for a young, happening, dashing -- >> what -- what -- >> you have time. don't do this to viewers. it's not that important. did you not get make-up? >> no. he didn't. >> look at -- this is natural beauty. >> you didn't shave -- you really think you need to be here that much that you can't get make-up? >> absolutely. >> taking one for the team. >> all right. >> speaking of this -- stay on us, please. morgan stanley will take -- you can get powder or something if you want. just headlines -- >> the women didn't
FOX Business
Jan 16, 2013 3:00pm EST
of conditions set by bail out lenders. the economy is being kept afloat by international eurozone members in the imf. and if you thought that credit card debt was for young adults, think again. older americans applied for more credit cards but pay down their debt easier. half of the older generation are seeking help from credit counseling services. we continue our countdown to the closing bell with list placement liz: 20 minutes away from the fourth quarter earnings release. what should investors be expecting? let's bring in our very own shibani joshi. >> and the investors the light of the last year, up 70%. the stock moving marginally higher, and earnings shows the strong finish to a transformational year. what's going on is that up until now, the growth has been fueled by paypal. this marketplace business that has taken place thanks to the mobile application. about 2 million listeners are uploaded using the mobile platform every single week. there you go, you can find whatever you need on ebay. the one we will have those numbers on "after the bell." let's head to the new york stock exch
FOX Business
Jan 16, 2013 11:00am EST
and diversified our economy. we decided we would be business friendly. we also did not have subprime mortgage. we did not have housing fall. foreclosures never really got serious. we kept people in their homes and kept them working. connell: we hope you enjoy the rest of your stay. dagen: we are glad the texans lost. [ laughter ] we are from the northeast. i am just kidding. thank you so much. near record low water levels in lake michigan causing cargo ships and barges to liken their loads. connell: let's go to steve now on how it can impact your wallet. >> because we have had such low water levels, it will impact your wallet. it has been dry in the region. we have had light rains in the summertime in that has produced lower water levels in all of the great lakes. if you are wondering just how low it is, we have a graphic to show you. between 87 and 97, the water drop a foot. between 94 another foot lower. it is at historic low water levels in lake michigan. cargo companies will have to carry less. >> you cannot strike bottom. you have to maintain a safe distance. when the water levels go down, w
FOX Business
Jan 18, 2013 6:00pm EST
to realize, these type of things have a negative impact on the economy. the senate that we can beat this debt the better it's going to be for everybody. gerri: last word. tell me, are drones enough to take care of this problem? >> the bottom line, but we have to learn is that we cannot afford billiard. terrorists love a vacuum, and wherever it develops kamal to leave, to pose a threat to the united states. next year it could be afghanistan. we have to be on guard. gerri: thank you for coming on. great job. you guys really explained it all. thank you. >> thanks. gerri: if you're fired up about this or any of the issues, a drop me an e-mail. >> coming up on "the willis report," unemployment is higher. could it be because he has gone awful year without meeting with his jobs council? we tackle this and more house republicans finally unveil their new debt ceiling deal. we examine the good combat command ugly with americans for tax reform president grover norquist later. one ohio teacher said she has a crippling fear of being children, but is still being forced to work with them. she says it is dis
CNBC
Jan 17, 2013 9:00am EST
, you have to see the economy get better. that could happen. i'm hoping it will happened. i'm just not sure if this is the time to put new money into goldman sachs, if we're sure not sure that will play its way out. it's just a matter of, how long does it take for the uncertainty to get out of the way, so companies can get back to making acquisitions. >> jeff, do people give you a hard time when you cut the ratings and yet boost the price targets? that gets made fun of a lot. >> yeah, we do get some for it. the price target increase, it's very form layically driven. what our pick it into our what it's done over the last decades, and the price target -- i don't think 1.1 times tangible is expensive, but we do get some push back on that for sure. >> i'll bet you do. we had a discussion earlier about whether the go long money center short liegen center will last other reverse. do you have a view? >> i would expect it to last, maybe continue. the pressure is hitting the bank industry right now. i think the money center banks have a usneaks advantage to not have as much pressure and exp
CNBC
Jan 16, 2013 12:00pm EST
year. if you believe the economy is stable which we do. i still think the high yield market will generate couponed return this year. maybe a touch better. quite frankly we'd love to see spreads widen out a little bit. we've had quite a rally at the beginning of the year, actually toward the end of last year into the beginning of the year. we'd love to see it back up a bit to create better value in the high yield market. i still think it's going to be a good year especially if we believe equities are going to have a solid performance. >> enis? >> enis taner. you mentioned global markets the yields coming down. what do you think about emerging market bonds? i know you've mentioned you like them. but the yield differential between developed markets and emerging markets is certainly compressed in the last year. >> yeah, yeah. enis, the story is everything compressing in the last year. it is -- searching out opportunity becomes the upside is limited given where spreads have gone to. we do think, though, that there are still -- you're seeing in asia, parts of latin america, you're
NBC
Jan 15, 2013 5:00am PST
with several private equity firms. we get a trio of federal reserve officials speaking out on the economy. dow rising 18 points in yesterday's trade and nasdaq slipping by eight. in other news, middle class is tightening their belts. among those making between 50 and $100,000 a year spending declined during the holiday season. that comes amid a lackluster outlook in the job market. the magazine says the most troubles for consumers include not being able to afford medical bills or medications or a reduction in health care coverage and missing a payment on a major bill not including a mortgage. consumer reports say americans will be confronted with a smaller paycheck this month. that's the latest. back to you. >> thank you much. paypal expanding. you can use it to buy the orange dream machine at jamba juice. you will be able to order a dream machine ahead of time on your iphone. not sure what we're seeing here. i don't know. so any way you'll be able to pay with it by paypal and walk into the store and pick it up. one thing i make my kids admit is that it is just ice cream. as long as you do tha
MSNBC
Jan 16, 2013 3:00am PST
republicans to hold the economy hostage. he said we could be downgraded by the credit agencies. so what happens if the president holds that position, which there's no reason to believe he won't, and republicans hold theirs, the one you just laid out, what happens to the economy? what happens to the politics of it? >> the vast majority of economists would say that on the economic side, it could be catastrophic. we don't know. if you don't lift the debt limit, we don't know what happens with our creditors, we don't know what happens with the strength of the u.s. economy. we do know that bad things probably happen. we also assume that house republicans at the end of the day will blink on this. i just would not make that assumption. i would look back to that tax vote after christmas. three-quarters of the republican party did not go along with speaker boehner on the compromise on increasing taxes. these guys don't care what leadership has to say about this issue. they want to shrink government. they were elected to shrink government. and whether it's defaulted, whether it's shutting down th
Search Results 0 to 24 of about 25 (some duplicates have been removed)